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The techniques I developed for studying turbulence, like weather, also apply to the stock market

Benoit Mandelbrot

Engineering is too important to wait for science.
BENOIT MANDELBROT

Engineering Important Waiting
It was astonishing when at one point, I got the idea of how to make artifical clouds with a collaborator, we had pictures made which were theoretically completely artificial pictures based upon that one very simple idea. And this picture everybody views as being clouds.
BENOIT MANDELBROT

Clouds Simple Views
My fate has been that what I undertook was fully understood only after the fact.
BENOIT MANDELBROT

Facts Fate Understood
If one takes the kinds of risks which I took, which are colossal, but taking risks, I was rewarded by being able to contribute in a very substantial fashion to a variety of fields. I was able to reawaken and solve some very old problems.
BENOIT MANDELBROT

Able Colossal Fashion Kind Rewarded Risk
$Benoit Mandelbrot Quote - I spent half my life, roughly speaking, doing the study of nature in many aspects and half of my life studying completely artificial shapes. And the two are extraordinarily close; in one way both are fractal.$

I spent half my life, roughly speaking, doing the study of nature in many aspects and half of my life studying completely artificial shapes. And the two are extraordinarily close; in one way both are fractal.
BENOIT MANDELBROT

Half Shapes Two
Think of color, pitch, loudness, heaviness, and hotness. Each is the topic of a branch of physics
BENOIT MANDELBROT

Branches Color Thinking
I was in an industrial laboratory because academia found me unsuitable
BENOIT MANDELBROT

Academia Found Laboratory
Round about the accredited and orderly facts of every science there ever floats a sort of dustcloud of exceptional observations, of occurrences minute and irregular and seldom met with, which it always proves more easy to ignore than to attend to.
BENOIT MANDELBROT

Facts Observation Order Science
I had very, very little training in taking an exam to determine a scientist’s life in France.
BENOIT MANDELBROT

France Littles Training
Clouds are not spheres, mountains are not cones, coastlines are not circles, and bark is not smooth, nor does lightning travel in a straight line.
BENOIT MANDELBROT

Circles Clouds Mountain
$Benoit Mandelbrot Quote - A fractal is a mathematical set or concrete object that is irregular or fragmented at all scales…$

A fractal is a mathematical set or concrete object that is irregular or fragmented at all scales…
BENOIT MANDELBROT

Definitions Scales Science
I’ve been a professor of mathematics at Harvard and at Yale. At Yale for a long time. But I’m not a mathematician only. I’m a professor of physics, of economics, a long list. Each element of this list is normal. The combination of these elements is very rare at best.
BENOIT MANDELBROT

Lists Long Yale
In fact, I barely missed being number one in France in both schools. In particular I did very well in mathematical problems.
BENOIT MANDELBROT

Country Numbers Problem School
I spent my time very nicely in many ways, but not fully satisfactory. Then I became Professor in France, but realized that I was not – for the job that I should spend my life in.
BENOIT MANDELBROT

Country Jobs Professor Realized Satisfactory Way
Everything is roughness, except for the circles. How many circles are there in nature? Very, very few. The straight lines. Very shapes are very, very smooth. But geometry had laid them aside because they were too complicated.
BENOIT MANDELBROT

Circles Lines Shapes
There is a saying that every nice piece of work needs the right person in the right place at the right time.
BENOIT MANDELBROT

Needs Nice Pieces

The techniques I developed for studying turbulence, like weather, also apply to the stock market

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The techniques I developed for studying turbulence, like weather, also apply to the stock market

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